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NNN Freestanding AutoZone | Laurinburg, NC 1203 S Main St 10,227 SF Retail Building Laurinburg, NC 28352 $2,378,508 CAD ($232.57 CAD/SF) 4.50% Cap Rate
Investment Highlights
- STRATEGIC INFILL LOCATION
- STRONG LOCAL ECONOMIC DRIVERS
- POSITIONED IN DENSE RETAIL CORRIDOR
Executive Summary
- ?Absolute NNN ground lease structure offers zero landlord responsibilities and management
? - 15-year initial lease term with five (5) five-year renewal options, providing long-term cash flow and rent growth potential
TOP PERFORMING LOCATION AND LONG OPERATING HISTORY
- ?Top 10% nationally in visits within the Car Shops & Services category
? - Top 30% in visitation among AutoZone locations in North Carolina, demonstrating strong site performance and customer demand
? - Tenant recently signed a brand new 15 year lease extending operations at this location for 35 years
CORPORATE GUARANTEE FROM NAME BRAND PUBLIC TENANT
- ?AutoZone is the nation's leading automotive aftermarket parts retailer with over 7,000 locations across the U.S., Mexico, and Brazil
? - Publicly traded on the NYSE (Ticker: AZO) with a market capitalization exceeding $50B+
? - The company continues to benefit from resilient DIY and commercial repair demand in the non-discretionary auto parts sector
STRONG LOCAL ECONOMIC DRIVERS
- ?So-Pak-Co selected Laurinburg for a new $85M food processing and packaging facility
? - Expected to create 440 jobs
? - Statewide economic impact projected to exceed $1.5B, supporting long-term population and employment growth in the trade area
POSITIONED IN DENSE RETAIL CORRIDOR
- ?Over 1.7 million square feet of retail within a 1-mile radius
? - The subject benefits from proximity to national retailers and daily-needs traffic generators that drive consistent consumer activity
? - Nearby National retailers include, McDonalds, Popeyes, Dunkin, & Burger King
STRATEGIC INFILL LOCATION
- ?The property is positioned within an established and densely developed retail corridor, serving a stable and loyal customer base
? - Infill dynamics enhance long-term tenant retention and real estate value
Property Facts
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 10,227 SF
- -
- Jun 2041
AutoZone est le principal détaillant au pays et l'un des principaux distributeurs de pièces de rechange et d'accessoires automobiles avec des magasins aux États-Unis, au Mexique, au Brésil et à Porto Rico. Chaque magasin offre une vaste gamme de voitures, de véhicules utilitaires sport, de fourgonnettes et de camions légers, y compris des pièces dures neuves et remanufacturées, des articles d'entretien et des accessoires. AutoZone, dont le siège social est situé à Memphis, dans le Tennessee, est une entreprise en pleine croissance Fortune 300 qui s'engage profondément à servir ses clients, ses communautés et ses collègues AutoZoners. Ils ont de vastes possibilités dans leurs magasins, leurs centres de distribution, leurs bureaux extérieurs, leurs unités commerciales spécialisées et leur centre de soutien aux magasins. Ils profitent d'expériences, d'antécédents, de connaissances et d'idées variés pour renforcer leurs équipes et leurs affaires. Leur équipe est liée par un engagement profond envers leur engagement et leurs valeurs, principes établis il y a plus de trente ans qui renforcent leurs priorités et leur culture d'équipe.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 10,227 SF | - | Jun 2041 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $186,191 CAD | |
| Land Assessment | $345,865 CAD | Total Assessment | $532,056 CAD |
Property Taxes
Contacts
-
Ben Olmstead -
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
Presented by
NNN Freestanding AutoZone | Laurinburg, NC | 1203 S Main St
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